BNET Industries

Market Cap:$78.1M
  • Public
  • US
Dow Jones Description

Clarus Corporation ("Clarus" or the "Company," which may be referred to as "we," "us," or "our") was formerly a provider of e-commerce business solutions until the sale of substantially all of its operating assets in December 2002. We are currently seeking to redeploy our cash and cash equivalent assets to enhance stockholder value and are seeking, analyzing and evaluating potential acquisition and merger candidates. We were incorporated in Delaware in 1991 under the name SQL Financials, Inc. In August 1998, we changed our name to Clarus Corporation. Our principal corporate office is located at One Landmark Square, Stamford, Connecticut 06901 and our telephone number is (203) 428-2000. BUSINESS At the 2002 annual meeting of our stockholders held on May 21, 2002, Warren B. Kanders, Burtt R. Ehrlich and Nicholas Sokolow were elected by our stockholders to serve on our Board of Directors. Under the leadership of these new directors, our Board of Directors adopted a strategy of seeking to enhance stockholder value by pursuing opportunities to redeploy our assets through an acquisition of, or merger with, an operating business that will serve as a platform company, using our cash, other non-operating assets (including, to the extent available, our net operating loss carryforward) and our publicly-traded stock to enhance future growth.

Chief Financial Officer, Secretary and Treasurer
Philip A. Baratelli
Contact Information

One Landmark Square

22nd Floor

Stamford, Connecticut 06901

claruscorp.com

7702913900

NAICS Code Software Publishers: 511210

Recent Events

  • Clarus Announces Third Quarter 2009 Results

    11/02/09 - Financial Announcement - View Story

  • BRIEF-RESEARCH ALERT-Clarus upgrades Adamus Resources to speculative buy

    10/20/09 - Bond / Stock Rating - View Story

  • Clarus Announces Second Quarter 2009 Results

    8/06/09 - Financial Announcement - View Story

News & Analysis

clarus corp. and procurement - All News and Analysis

Decision Makers

Name (plus bio) Position
Philip A. Baratelli Chief Financial Officer, Secretary and Treasurer
Gary Julien Vice President, Corporate Development
Linda Lulow Director of Interviewing
Susan Luckfield Controller
Burtt R. Ehrlich Principal Accountant Fees and Services
Emmett T. Cunningham
Linda Johns
Lorie M O'Neill
Scott Requadt
Sarah Pauley Project Editor
Ofer Nemirovsky Investor
Richard H. Kimball Investor

Board of Directors

Name (plus bio) Position
Donald L. House Chairman
Warren B. Kanders Executive Chairman
Nicholas Sokolow Board Member
Nicolas Sokolow Board of Directors

Philip A. Baratelli, 41, has served as our Chief Financial Officer, Secretary and Treasurer since February 2007. Since February 2007, Mr. Baratelli has also served as Chief Financial Officer for Kanders & Company, Inc., a private investment firm principally owned and controlled by Mr. Warren B. Kanders that makes investments in and provides consulting services to public and private entities. Since April 2007, Mr. Baratelli has served as the Chief Financial Officer for Highlands Acquisition Corp., a publicly-held blank check company formed with a focus on acquiring a business in the healthcare industry. From June 2001 to February 2007, Mr. Baratelli was the Corporate Controller and Treasurer of Armor Holdings, Inc., a manufacturer and supplier of military vehicles, armored vehicles and safety and survivability products and systems serving aerospace & defense, public safety, homeland security and commercial markets. From February 1998 to February 2001, Mr. Baratelli was employed by PricewaterhouseCoopers LLP in various positions ranging from Associate to Senior Associate. From 1991 to 1997, Mr. Baratelli worked for Barnett Banks, Inc. in various finance and credit analysis positions. Mr. Baratelli received a Bachelor of Science in finance from Florida State University in 1989 and a Bachelor of Business Administration in accounting from the University of North Florida in 1995. Mr. Baratelli is a Certified Public Accountant.

Organization Position Status
Clarus Corp Chief Financial Officer, Secretary and Treasurer Current
Highlands Acquisition Corp. CFO Current
Armor Holdings, Inc. Treasurer & Controller Current
PricewaterhouseCoopers Associate to Senior Associate Former
University of North Florida Bachelor of Business Administration In Accounting Former
Florida State University Bachelor of Science In Finance Former

Organization Position Status
Clarus Corp Vice President, Corporate Development Current

Linda started with CLARUS Corporation in 1993 as an interviewer and moved into the Director's position in 1997. Linda has experience in all phases of interviewing from personal and telephone interviews with community members to business interviews with busy corporate executives and doctors.

Organization Position Status
Clarus Corp Director of Interviewing Current

Organization Position Status
Clarus Corp Controller Current

Burtt R. Ehrlich , 69, has served as one of our directors since June 2002. Prior to the completion of the acquisition of Armor Holdings, Inc., by BAE Systems plc on July 31, 2007, Mr. Ehrlich served as a director of Armor Holdings, Inc. since January 1996. Mr. Ehrlich has also served as a member of the Board of Directors of Langer, Inc. since February 2001. Mr. Ehrlich is also a member of the Board of Trustees of The Arbitrage Fund, a registered investment company. Mr. Ehrlich served as Chairman and Chief Operating Officer of Ehrlich Bober Financial Corp. (the predecessor of Benson Eyecare Corporation) from December 1986 until October 1992, and as a director of Benson Eyecare Corporation from October 1992 until November 1995.

Organization Position Status
Clarus Corp Principal Accountant Fees and Services Current
The Arbitrage Fund Board of Directors Current
Armor Holdings, Inc. Board of Directors Current
Clarus Corp Board Member Current
Langer, Inc. Board of Directors Current
Langer, Inc. Chairman Former
Clarus Corp member Former

Dr. Cunningham joined Clarus Ventures with more than 20 years experience in the biomedical and biopharmaceutical sectors. Prior to Clarus, Dr. Cunningham was the Senior Vice President, Medical Strategy at Eyetech Pharmaceuticals, Inc. (NASDAQ:EYET), where he helped build and lead the team that developed and commercialized Macugen, a first-in-class product for the treatment of age-related macular degeneration. Prior to Eyetech, Dr. Cunningham was at Pfizer, Inc, where he was responsible for the clinical development of early phase central nervous system compounds and the in-licensing of early and late-stage therapeutic candidates in ophthalmology. Dr. Cunningham is an internationally recognized specialist in infectious and inflammatory eye disease with over 200 publications. He is an Adjunct Clinical Professor of Ophthalmology at Stanford University, was Clinical Professor and Director of the Uveitis service at NYU from 2002 to 2005, and was Director of both the Uveitis Service and the Kimura Ocular Immunology Laboratory at the University of California at San Francisco (UCSF) from 1995 to 2001. Dr. Cunningham received an MD and MPH in epidemiology and statistics from Johns Hopkins University, a PhD in neuroscience from the University of California at San Diego (UCSD) for work done at The Salk Institute, and completed both a residency in ophthalmology and fellowship training in Corneal Disease and Uveitis at UCSF. Dr. Cunningham is a member of the Board of Directors for SARcode Inc., a member of the Scientific Advisory Boards of ESBAtech AG and Comentis Inc., and a Board observer for Ferrokin Biosciences, Pearl Therapeutics Inc., Taligen Therapeutics Inc., and Zogenix, Inc.

Organization Position Status
Clarus Ventures, LLC Partner Current
Clarus Corp Current
Zogenix, Inc. Board of Directors Current
Osi Eyetech Senior Vice President, Medical Strategy Former
Stanford University Professor Former
Pfizer Inc. Former
The Johns Hopkins University MD Former
University of California, San Diego PhD In Neuroscience Former
The Johns Hopkins University Mph Former
The University of California, San Francisco Former

Linda Johns founded Clarus Consulting Group in 1999 (formerly known as GIT, Inc.). As a management consultant, she advises commercial and government clients as they establish and reengineer their management and business processes. Linda leads Clarus' engagements using her engineering training and experience in project management, business process reengineering, and change management. Her project experience ranges from highly sophisticated and technical applications to complex, multi-organizational programs. Her expertise in change management ensures that the new management and business processes are implemented throughout the entire organization.

Organization Position Status
Clarus Corp Current
Clarus Consulting Group President and Principal Consultant Former
Clarus Consulting Group Founder Former
Clarus Consulting Group Management Consultant Former

Lorie O'Neill brings more than 14 years of high tech sales and marketing experience to Critial3 Marketing all centered on strategies and execution to drive revenue. Her leadership experience includes developing and executing company messaging and sales positioning, and building product marketing, industry marketing and lead generation organizations from the ground up at high tech companies such as Clarus and Radiant Systems. Lorie has also directed strategies for vertical industry programs, interactive marketing, product sales and channel marketing. Lorie leverages her experience in sales and marketing to prioritize and achieve the critical alignment necessary to drive effective marketing focused on real value and high impact results for sales. Lorie's successful sales and marketing career also includes technology leaders such as PeopleSoft, Hyperion Software and Dun & Bradstreet Software. Lorie is a CPA and graduated with a B.S. in Commerce from the University of Virginia.

Organization Position Status
CRITICAL3 Marketing Principal Current
Clarus Corp Current
Radiant Systems, Inc. Executive Former
University of Virginia B.S. In Commerce Former

Prior to joining Clarus in 2005, Scott was Director, Business Development of TransForm Pharmaceuticals, Inc until it was acquired in 2005 by Johnson & Johnson. At TransForm, Scott had broad responsibility for business development, corporate development and legal activities, including managing the company's intellectual property group. Prior to TransForm, Scott was an attorney specializing in mergers & acquisitions at the NYC-based law firm of Davis Polk & Wardwell where, among other things, he completed numerous public and private deals worth in excess of $1 billion, negotiated credit facilities of more than $10 billion and represented two companies during their initial public offerings. Before that, Scott was a law clerk for a senior judge at the Supreme Court of Canada. Scott holds a B.Com (Economics & Finance) from McGill University (First Class Honors), a J.D. from University of Toronto and most recently an MBA from Harvard Business School, where he was a Baker Scholar.

Organization Position Status
Clarus Ventures, LLC Transactional Partner Current
Tyrx Pharma Inc Principal, Clarus Ventures Current
Clarus Corp Current
Tyrx Pharma Inc Board of Directors Current
Aigisrx Board of Directors Current
Trans-Form Former
Transform Pharmaceuticals, Inc. Director Former
University of Toronto J.D. Former
Harvard Business School Mba Former
McGill University B.Com Former

Sarah assists the Project Manager in most phases of the project, including formatting and proofreading final reports, inputting data obtained for the evaluation of the College's market segments and obtaining and formatting occupational forecasts for Workforce Development Scans. She has experience in education as an instructor for Adult Basic Education.

Organization Position Status
Clarus Corp Project Editor Current

Organization Position Status
Techdiscovery, LLC Active Private Investor and Business Consultant Current
Clarus Corp Chairman Current
afterBOT, Inc. Board of Directors Current
Harbinger Board Member Current
Carreker Corporation Board of Directors Current
Xcellenet Inc. Board Member Current
Isoft Board of Directors Current
nuBridges, Inc. Board of Directors Current
Techdiscovery, LLC Board of Directors Current
Management Science America, Inc. President Former
Clarus Corp President Former
Isoft Executive Vice President Former
nuBridges, Inc. Executive Vice President Former

Organization Position Status
Armor Holdings, Inc. Chief Executive Officer Current
Actualite Internationale Chairman of The Board of Directors and Chief Executive Officer Current
New York State Bar Association Attorney and Member Current
Net Perceptions, Inc. Chairman Former
Armor Holdings, Inc. Chairman Current
The Winston Churchill Foundation Board of Directors Current
Highlands Acquisition Corp. Director Current
Simbrom Campisi & Associates Member Current
Langer, Inc. Member Current
Armor Holdings, Inc. Founder Former
Clarus Corp Member of the Board of Directors Former
Armor Holdings, Inc. Director Former
NYSE Group, Inc. Vice Chairman of the Board Former
Brown University B.A. Degree In Economics Former
Clarus Corp member Former

Nicholas Sokolow , 59, has served as one of our directors since June 2002. Prior to the completion of the acquisition of Armor Holdings, Inc., by BAE Systems plc on July 31, 2007, Mr. Sokolow served as a member of the Board of Directors of Armor Holdings, Inc. since January 1996. Mr. Sokolow has also served as a member of the Board of Directors of Stamford Industrial Group, Inc., formerly known as Net Perceptions, Inc. ("SIG") since April 2004. Since 2007, Mr. Sokolow has been practicing at the law firm of Lebow & Sokolow LLP. From 1994 to 2007 Mr. Sokolow was a partner at the law firm of Sokolow, Carreras & Partners. From June 1973 until October 1994, Mr. Sokolow was an associate and partner at the law firm of Coudert Brothers. The affirmative vote of a plurality of the votes cast in person or by proxy at the Meeting is necessary for the election as directors of the four nominees named in this Proxy Statement (assuming a quorum of a majority of the outstanding shares of common stock is present).

Organization Position Status
Lebow Company, Inc. Current
Armor Holdings, Inc. Compensation Committee Chairman Current
Net Perceptions, Inc. Chairman Current
Clarus Corp Board Member Current
Coudert Brothers Llp Partner Former
Coudert Brothers Llp Associate Former
Armor Holdings, Inc. Director Former
Clarus Corp member Former

Nicholas Sokolow , 59, has served as one of our directors since June 2002. Prior to the completion of the acquisition of Armor Holdings, Inc., by BAE Systems plc on July 31, 2007, Mr. Sokolow served as a member of the Board of Directors of Armor Holdings, Inc. since January 1996. Mr. Sokolow has also served as a member of the Board of Directors of Stamford Industrial Group, Inc., formerly known as Net Perceptions, Inc. ("SIG") since April 2004. Since 2007, Mr. Sokolow has been practicing at the law firm of Lebow & Sokolow LLP. From 1994 to 2007 Mr. Sokolow was a partner at the law firm of Sokolow, Carreras & Partners. From June 1973 until October 1994, Mr. Sokolow was an associate and partner at the law firm of Coudert Brothers. The affirmative vote of a plurality of the votes cast in person or by proxy at the Meeting is necessary for the election as directors of the four nominees named in this Proxy Statement (assuming a quorum of a majority of the outstanding shares of common stock is present).

Organization Position Status
Lebow Company, Inc. Current
Net Perceptions, Inc. Chairman Current
Clarus Corp Board of Directors Current
Coudert Brothers Llp Partner Former
Coudert Brothers Llp Associate Former

Organization Position Status
Benefitpoint, Inc. Managing Director Current
HarbourVest Partners, LLC Managing Director Current
Emptoris, Inc. Board Director Current
Benefitpoint, Inc. Board of Directors Current
Pitango Venture Capital Board Advisor Current
Etapestry Board Director Current
Digital Insight Corporation Investor Current
UUNET Investor Current
Marcam Corporation Investor Current
Vertical Communications, Inc. Investor Current
RADWARE Ltd. Investor Current
CenTra, Inc. Investor Current
SpectraLink Corporation Investor Current
Clarus Corp Investor Current
Manugistics Group, Inc. Investor Current
Progress Software Corporation Investor Current
Dendrite International, Inc. Investor Current
Insignia Solutions Plc Investor Current
AXENT Technologies, Inc. Former
Harvard Business School MBA Former
University of Pennsylvania BS in Finance Former

Organization Position Status
Technology Crossover Ventures Co-founder Current
Technology Crossover Ventures Founding General Partner Current
Liquidnet, Inc. Director Current
KGB Director Current
Techwell, Inc. Board of Directors Current
Tradingscreen, Inc. Board of Directors Current
Egenera, Inc. Director Current
KGB Investor Current
RiskMetrics Group, Inc. Investor Current
LHS Telekom GmbH & Co. KG Investor Current
Copper Mountain Networks Investor Current
Xiotech Corporation Investor Current
Allbusiness.Com, Inc. Investor Current
Alteon WebSystems, Inc. Investor Current
Egenera, Inc. Investor Current
CosmoCom, Inc. Investor Current
Clarus Corp Investor Current
Techwell, Inc. Investor Current
Liquidnet, Inc. Investor Current
Xylan Corporation Investor Current
Montgomery Securities Managing Director Former
Amdocs Limited Former
ADC Telecommunications, Inc. Former
Greenwich Associates Former
FORE Systems, Inc. Former
Seagate Former
Intel Corporation Director Former
Montgomery Securities Venture Capitalist Former
Dartmouth College master of business administration Former
University of Chicago M.B.A. Former
University of Chicago A.B. In History Former
Dartmouth College A.B. Degree In History Former
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     CLRS $4.50 0.00 (0.00% )
Average Volume 24,864
Shares Outstanding 17.11M
Market Cap 77.0M
Year High 5
Year Low 3.75
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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